Non-Farm Data Approaching: How Will Precious Metals Affect Global Capital Flows?

Market Recap This Week

After the Fed policy meeting and chair nomination announcement, precious metals retreated following a mid-term rise. This movement could have a significant impact on short-term capital flows.

Key Events and Data Next Week

Though fewer in number, key data releases and meeting minutes may still drive market volatility:

• Monday: Watch U.S. manufacturing data and the BoJ's January meeting opinions summary.
• Tuesday: Pay attention to job openings data and Fed officials' speeches.
• Wednesday: Focus on crude oil inventories, Eurozone services PMI final readings, and inflation metrics.
• Thursday: Look for initial jobless claims and global supply chain pressure index updates.
• Friday: The highlight will be non-farm payrolls and unemployment rate data, which markets will scrutinize closely.